Valley Brook Capital Group Inc. Sells 601 Shares of Chubb Limited (NYSE:CB)

Valley Brook Capital Group Inc. cut its position in shares of Chubb Limited (NYSE:CB) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,810 shares of the financial services provider’s stock after selling 601 shares during the period. Valley Brook Capital Group Inc.’s holdings in Chubb were worth $409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after acquiring an additional 138,142 shares during the period. Deutsche Bank AG grew its position in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after acquiring an additional 13,059,385 shares during the period. Northern Trust Corp grew its position in Chubb by 2.3% in the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock valued at $878,815,000 after acquiring an additional 93,885 shares during the period. Raymond James & Associates grew its holdings in shares of Chubb by 2.6% during the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Chubb by 6.4% during the third quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock worth $594,006,000 after purchasing an additional 170,774 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.7 %

NYSE:CB traded down $1.71 during mid-day trading on Friday, hitting $248.54. The company had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The business’s fifty day moving average is $251.96 and its two-hundred day moving average is $237.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $100.92 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the prior year, the firm posted $4.41 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. Citigroup restated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. TD Cowen assumed coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold a total of 108,863 shares of company stock valued at $28,007,307 over the last 90 days. 0.86% of the stock is owned by company insiders.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.